Market Size of United Kingdom Hardware Stores Retail Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 21.43 Billion |
| Market Size (2029) | USD 27.37 Billion |
| CAGR (2024 - 2029) | 5.01 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United Kingdom Hardware Stores Retail Market Analysis
The United Kingdom Hardware Stores Retail Market size is estimated at USD 21.43 billion in 2024, and is expected to reach USD 27.37 billion by 2029, growing at a CAGR of 5.01% during the forecast period (2024-2029).
The hardware store market in the United Kingdom is an essential part of the retail sector, meeting the varied requirements of businesses and consumers engaged in construction, home improvement, and DIY projects. Hardware stores in the United Kingdom typically offer a range of products, including tools, building materials, plumbing supplies, electrical components, paint, gardening tools, and home improvement products. The market is competitive, with various national and local players.
Several factors drive the retail market for hardware stores in the United Kingdom. With more people spending time at home, there has been a notable increase in DIY and home improvement projects, leading to a higher demand for hardware products. The construction industry's performance, including residential and commercial construction, also significantly influences the demand for hardware products. Additionally, innovation in hardware products, such as smart home devices and eco-friendly materials, can drive consumer interest and contribute to market growth.
